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RESOLUTION NO. 88- 118 A RESOLUTION OF INDIAN RIVER COUNTY AUTHORIZING EXECUTION OF AN AMENDMENT TO CONTRACT TO PURCHASE NORTH BEACH WATER COMPANY. WHEREAS, the Board of County Commissioners authorized the execution of a Purchase Agreement on May 31, 1988, between the Countyrand North Beach Water Company for the purchase of the water company's system on the north barrier island for $3.1 million; WHEREAS, due to certain restrictions placed on the County by the FmHA it has become necessary to revise paragraph 5 of the Purchase Agreement by changing the surcharge provision and deleting language referring to the County's issuance of revenue bonds; and WHEREAS, these changes do not affect the purchase price and are in the public interest, NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF INDIAN RIVER COUNTY, FLORIDA, that: 1. The Chairman of the Board is authorized to execute Amendment #1 to the Purchase Agreement, which is attached as Exhibit "A." 2. The Chairman is further authorized to execute documents and other certifications necessary to close the utility purchase, which closing is scheduled for 2:00 P.M. on Tuesday, November 1, 1988. The resolution was moved for adoption by Commissioner Eggert , and the motion was seconded by Commissioner Wheeler and, upon being put to a vote, the vote was as follows: Chairman Don C. Scurlock, Jr. Vice -Chairman Gary C. Wheeler Commissioner Richard N. Bird Commissioner Margaret C. Bowman Commissioner Carolyn K. Eggert Aye Aye Aye Aye Aye The Chairman thereupon declared the resolution duly passed and adopted this 1st day of November , 1988. 89 \ V 11988 BOARD OF COUNTY COMMISSIONERS INDIAN RIVER COUNTY, FLORIDA By , c- --Don . c r oc Chairman BOOK ME 89